Securities Industry Essentials SIE Quiz
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UNDERSTANDING PRODUCTS AND THEIR RISKS
Question 1
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Which statement is true regarding the yield of a zero-coupon bond?
A
Its current yield is always equal to its yield to maturity.
B
Its nominal yield is zero.
C
It has no yield to maturity because it pays no interest.
D
Its yield is fixed and does not change with market prices.
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